TSL Express Daily Articles & News

J D Factors provided $5,575,000 in new factoring facilities to 33 new clients in the US and Canada during the month of August.

J D Factors provided $5,575,000 in new factoring facilities to 33 new clients in the US and Canada during the month of August.

J D Factors provided $5,575,000 in new factoring facilities to 33 new clients in the US and Canada during the month of August.

J D Factors provided $5,575,000 in new factoring facilities to 33 new clients in the US and Canada during the month of August.

J D Factors provided $5,575,000 in new factoring facilities to 33 new clients in the US and Canada during the month of August.

J D Factors provided $5,575,000 in new factoring facilities to 33 new clients in the US and Canada during the month of August.

Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced the completion of three recent ABL transactions totaling $9.5 million, originating from the firm’s West Coast office.

Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced the completion of three recent ABL transactions totaling $9.5 million, originating from the firm’s West Coast office.

Hilco Global Capital Solutions ("HGCS"), a division of Hilco Global and a leading provider of flexible asset-based lending solutions, provided a $60 million first-lien asset-based lending facility to support Turnspire Capital Partners LLC's ("Turnspire") acquisition of Hulcher Services, Inc. ("Hulcher"), a leading North American provider of mission-critical rail infrastructure and industrial services.

CB&S Business Capital, a division of CB&S Bank, is pleased to announce the hiring of Eric Gill as Senior Vice President of Direct Originations for the Southeast region, covering North Carolina, South Carolina, Virginia, and West Virginia. Based in Charlotte, North Carolina, Eric will be responsible for originating asset-based loans ranging from $5 million to $25 million.

Mr. Bacon, who will be located in Charleston, South Carolina, joins EBC with extensive experience in originating and structuring credit transactions. Prior to joining Eclipse, he worked for Aequum Capital, sourcing senior secured and asset-based debt facilities throughout the United States.

Big Shoulders Capital has provided a $1.75M DIP loan to an Arizona-based contractor in Chapter 11. BSC diligenced and closed the loan inside of 3 weeks to satisfy a primary creditor’s deadline.

Cambridge Savings Bank ("CSB"), a full-service community bank with $7 billion in assets, continued its support of Belle Brands through its acquisition of Vegamour, a biotech-powered hair longevity brand pioneering the future of hair wellness through clean, clinically proven innovation.

Tiger Group and Can-Am Machinery, Inc. today announced a dual-track sale process for machinery and equipment (M&E) from Total Fiber Recovery @ Chesapeake, a recently commissioned old corrugated containers (OCC) fiber-processing and recycled pulp production facility.

eCapital Corp. (“eCapital”), eCapital Corp. ("eCapital"), an AI-powered fintech company building the next generation of specialty finance, has provided a $10 million healthcare receivables financing facility to a healthcare organization operating 15 facilities across skilled nursing, rehabilitation, hospice, home health, and facility management services.

CornerstoneBusinessCredit.com is pleased to announce the funding of a $1 million line of credit to an industrial equipment sales and service company. This multi-generational family business recently expanded by acquiring two complimentary businesses. It was a huge opportunity, but the prolonged integration stretched its working capital.

Suniva, the largest and oldest U.S. merchant manufacturer of high-efficiency monocrystalline silicon solar cells (“Suniva” or the “Company”), today announced the completion of an $835 million capital raise comprising both debt and equity financing.

Apollo (NYSE: APO) today announced that Apollo-managed funds, affiliates, and other long-term investors provided a $585 million financing to The Executive Centre ("TEC"), one of Asia's leading providers of premium flexible office space, with more than 30 years of operating experience and a portfolio of over 260 centres across 38 cities in 15 markets across APAC and the Middle East.

Viva Capital Funding, LLC (Viva), a leading invoice factoring specialty finance company, recently announced the successful extension and upsize of their investment-grade corporate notes to $35.5 million. Since 2018, Viva has provided over $2.5B in capital to growing companies across a variety of industries throughout the U.S. The Company offers factoring, reverse factoring and trailer leasing services.

Sallyport Commercial Finance was pleased to provide a $500,000 factoring facility, referred by a trusted lender, giving the company the financial flexibility to achieve both objectives. The funding provides ongoing working capital to support daily operations while also helping finance the purchase of an additional building, creating the capacity needed for future growth.